#VietnamCryptoPolicy

Vietnam has taken a groundbreaking step in cryptocurrency regulation by officially passing the Law on Digital Technology Industry, making it the first country worldwide to enact comprehensive standalone legislation specifically dedicated to the digital technology sector.

The historic law, passed by the National Assembly on June 14, 2025, grants full legal recognition to crypto assets and establishes a clear regulatory framework that takes effect January 1, 2026, Vn Economy reported on Sunday.

Under the new law, Vietnam has established a sophisticated two-tier classification system for digital assets. The framework distinguishes between "virtual assets, "typically non-financial tokens, loyalty points, or gaming-related digital goods, and "crypto assets," which encompass assets based on cryptographic and distributed ledger technologies such as Bitcoin, Ethereum, and potentially NFTs.

Crucially, the legislation explicitly separates these categories from securities, fiat-backed stablecoins, and Central Bank Digital Currencies (CBDCs), which remain outside this legislative scope. This clear delineation provides much-needed clarity for businesses and investors operating in the digital asset space.

The law empowers the Vietnamese government to develop detailed implementation guidelines, including licensing requirements, compliance protocols, consumer protection measures, and robust Anti-Money Laundering (AML) standards that align with international best practices.